Looking to diversify beyond VTBIX? The mutual funds below have the lowest correlation with VTBIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VTBIX.
Best Diversifiers for VTBIX
4 mutual funds have low correlation with VTBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.11 | 0.11 | 0.11 | 91 | Bank Loan | VTBIX vs FFRHX | |
| Vanguard Information Technology Index Fund Admiral... | 0.17 | 0.13 | 0.11 | 51 | Technology Equities | VTBIX vs VITAX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.23 | -0.27 | 99 | Total Bond Market | VTBIX vs JSOSX | |
| Fidelity 500 Index Fund | 0.30 | 0.21 | 0.14 | 52 | S&P 500 | VTBIX vs FXAIX | |
| Vanguard 500 Index Fund Admiral Shares | 0.31 | 0.21 | 0.14 | 52 | S&P 500, Large Cap Blend Equities | VTBIX vs VFIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTBIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTBIX and solid risk/return profiles. The least correlated is QUALCOMM Incorporated (QCOM) (Technology) with a 1Y correlation of 0.22, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| QUALCOMM Incorporated | 0.22 | 0.12 | 0.09 | 62 | Technology |
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